Samsung taps into Chinese financial market with smart card ICs

The Korean electronics giant’s smart card IC line-up has gained approval from Chinese authorities, receiving the People’s Bank of China (PBOC) 3.0 certification, the company said in a press release. PBOC 3.0, announced by the People’s Bank of China in February, is a new security certification for financial card ICs and a must-have to enter China's financial market Samsung said.